In the News

As part of its continuing rapid growth, Millennium Properties has hired Chet Evans as a vice president to expand the company’s property management and brokerage services. With 10 years of industry experience, Mr. Evans has extensive knowledge of residential and commercial markets, transactional expertise and property management skills that will be a great asset as Millennium expands its service lines.

Millennium Properties R/E announced the completion of the sale of 24 properties at from its Summer REO Auction. All 24 of the properties closed significantly above their minimum bid prices. Properties sold at the auction included an office condo in Oak Brook, a commercial building in downtown Skokie, two leased residential condos in the Logan Square neighborhood, as well as several residential land sites. An addition, a 3.98 acre development site at a highly visible corner in the Quad Cities is under contract.

Millennium Properties recently completed the sale of a 4.67 acre infill development site in the Little Italy/UIC neighborhood for $1.06 million. The first development phase of Metro Place, consisting of 17 single family homes and a six unit condo building, was completed between 2006 and 2009. The new owner, Eco Development Inc., intends to complete the remaining two phases adding 14 single-family homes, 59 townhomes, and nine six-flat condo buildings.